Glossary entry · form
Schedule K-1
Partner / shareholder / beneficiary share of income, deductions, credits from partnerships, S-corps, and estates/trusts.
Canonical reference
IRS Schedule K-1 forms are issued in three variants by the source entity type: K-1 (Form 1065) for partnerships, K-1 (Form 1120-S) for S-corporations, and K-1 (Form 1041) for estates/trusts. Each reports the recipient's distributive share. Practitioner workflow: import K-1 data into Form 1040 (or 1120, 1041, 1065 as applicable) and reconcile.
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